Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: nycnpbbkr who wrote (7788)	11/2/1997 1:03:00 PM
From: Mr. Aloha	Respond to of 25960

There is no "Fundamental Change" reported, i.e. consolidation, liquidation, tender offer, reclassification, merger etc.. From my understanding and I think I'm correct (will call PR on Monday) there is no current option to reduce the converstion price below $47 when the note becomes available for conversion on Nov. 5. 1997. Because CYMER listed the EXACT PRICE of 21.2766 shares per $1000 (note) = $47 per share, there is NO REASON TO SHORT THE STOCK BECAUSE YOU'LL GET 21 SHARES @ $47 PER SHARE and a small check for $13 (the difference on $1000) NO ONE WOULD WANT TO SHORT A STOCK HIGH AND COVER HIGH. I've seen other S-3 (offerings etc..) that didn't list the EXACT conversion price and those are great short opportunities, THIS ONE DOES NOT APPEAR TO BE ONE OF THOSE OFFERINGS. Refer to approx. page 21-22 on the filing for details on "DESCRIPTION OF NOTES". Aloha